Wall Street Sign NYC.jpg

Update: Senator Warren has responded to Third Way.

For those unfamiliar, when Wall Street bought the Democratic Party they wanted their transaction to be called the triumph of “Third Way” politics in association with other gains by finance capital and neoliberal politicians around the world, especially the UK. They were essentially advocating that Democrats concede the economic argument to Ronald Reagan and let his governing paradigm stand with some marginal tweaks. Progressive politics would be limited to social issues or “the culture war.”

They found their man in Bill Clinton who had no core principles just great instincts for triangulating popular positions and hearing a rhythm in polls. As the old story goes, if Clinton were a teacher and you asked him if the world was round or flat he would merely say “I can teach it either way.”

Now Third Way is back, with a vengeance. Warning Democrats to lay off the rich/themselves Jon Cowan and Jim Kessler, president and vice president of the Third Way think tank, have some sage advice.

On the same day that Bill de Blasio won in New York City, a referendum to raise taxes on high-income Coloradans to fund public education and universal pre-K failed in a landslide. This is the type of state that Democrats captured in 2008 to realign the national electoral map, and they did so through offering a vision of pragmatic progressive government, not fantasy-based blue-state populism. Before Democrats follow Sen. Warren and Mayor-elect de Blasio over the populist cliff, they should consider Colorado as the true 2013 Election Day harbinger of American liberalism.

Yes, it was that transparent. Concern trolling at its most infantile.

Not surprisingly, the board of Third Way is made up of banksters and hires a corporate lobbying firm to raise money for the so-called think tank.

Buried inside the annual report for Third Way is a revelation that the group relies on a peculiar DC consulting firm to raise half a million a year: Peck, Madigan, Jones & Stewart. Peck Madigan is no ordinary nonprofit buckraiser. The group is, in fact, a corporate lobbying firm that represents Deutsche Bank, Intel, the Business Roundtable, Amgen, AT&T, the International Swaps & Derivatives Association, MasterCard, New York Life Insurance, PhRMA and the US Chamber of Commerce, among others.

A board packed with investment bankers that relies on corporate lobbyists and Big Business to fund its operations – hard to believe they hate economic populism!

It goes without saying that the corporate/establishment media will buy into the Third Way narrative, it’s self-serving. What remains an open question is whether or not the American people are open at all to hearing this corporate clap trap in the wake of a financial crisis caused by Third Way policies such as deregulating Wall Street.

We’ll see.

Photo by JSquish under Creative Commons license.